4855 Results from /payments
Retired Member
Google is currently considering new ways to drive further adoption of its payments Wallet in the US, with Bloomberg suggesting that the company is planning to share revenue with carriers such as Verizon Wireless and AT&T to encourage their customers to embrace the new payments technology. Other high profile partnerships in the mobile payments ...
30 March 2012 /payments Finance 2.0
Pat Carroll Founder/Executive Chairman at ValidSoft
Two interesting stats have caught my eye this week: Fraudsters are costing the UK an estimated £73billion a year (National Fraud Authority, NFA) Cybercrime has now become the second most commonly reported economic crime affecting companies in the financial services sector (PWC) While counter-fraud groups such as the NFA’s ‘Fighting Fraud Togeth...
30 March 2012 /security /payments Innovation in Financial Services
NFC contactless payments, and P2P mobile payments are fast gaining momentum in the payments world. Banks, retailers, network operators, amongst others are all rushing for land grab, rolling out new NFC-enabled cards, mobile wallets and mobile phones for us to use in our daily lives. It’s fantastic that we are embracing this technology, and I truly...
29 March 2012 /security /payments Innovation in Financial Services
Brett King CEO & Founder at Moven
In the UK and Australia, account keeping fees are nothing new. In the US, however, since the introduction of the Durbin amendment, many US banks have been moving to monthly fees on checking accounts (we call them current accounts generally outside of the US) for the first time. These moves have resulted in often massive backlash from the public, ...
26 March 2012 /payments /retail Innovation in Financial Services
Innovation Inside - Email on the Edge The Technology Lever Deloitte’s Center for the Edge recently published the 2011 Shift Index, which confirms an unsettling long term downward trend: publicly traded US companies show a 75% decline in Return on Assets (ROA) from 1965 to today. I asked Center for the Edge co-chairman John Hagel how companies can...
26 March 2012 /payments Innovation in Financial Services
Nick Ogden Chairman at Ogden Research
Business 2012 this year saw the UK’s best and most innovative businesses gather in London for a three day event of exhibitions, speakers and seminars. The speakers this year gave us plenty of food for thought, with Sunday’s keynote, Richard Branson, dominating discussions and press coverage. The whole event was filled with interesting seminars on...
23 March 2012 /payments
Over the past several months, I’ve built my case and given several examples of how financial institutions can make the move toward running payments as a business. Let’s recap. Payments data centers used to be these “gentle giants.” They moved steadily along, processing payments one batch at a time, and did what was required of them. But, as th...
22 March 2012 /payments
The UK is now the most internet based economy of the G20 group, according to the Boston Consulting Group. As a nation, the Brits have emerged top in terms of how much of their hard-earned cash is spent online, ahead of Denmark, the United States and Germany. The UK has clearly has caught the online shopping bug and by 2016 nearly 25 per cent of al...
21 March 2012 /payments
Statistics from Nokia indicate that the average mobile phone user reaches for their mobile phone 150 times per day, highlighting that more than ever before consumers are relying on their mobile phones in every walk of life. Just as people organise their diaries, manage their emails, and surf the internet via their smartphones, it is inevitable th...
20 March 2012 /payments Finance 2.0
Over the past few years, organisations across the board have streamlined processes and gained significant cost efficiencies. They have also embraced electronic payments in their many guises, from Bacs through Faster Payments to Direct Debits. Yet in the vast majority of organisations, those tasked with payroll, managing expenses, paying suppliers ...
20 March 2012 /payments
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